Canon Inc. · TSE:7751
Canon — 2023 Corporate Strategy Conference
10 slides from Canon's conference presentation, Mar 6, 2023
Slide 1: Canon Overall Strategy
Canon Inc. 2023 Corporate Strategy Conference Canon Overall Strategy March 6, 2023 Fujio Mitarai Chairman & CEO
Slide 2: Agenda
Canon Agenda Excellent Global Corporation Plan Phase VI @ Review of Results Over Past Two Years P 1-2 @ Future Strategy P 3-6 @ Financial Strategy P7 m@ Summary P8 —s>
Slide 3: Review of 2021: embarking on the current 5-year plan
In 2021, we embarked on our current 5-year plan, amid unabated social and market turmoil caused by the spread of COVID. Under this environment, to accelerate transformation of our business portfolio, we took our existing product-based organizational structure and reorganized it into industry- orient
Slide 4: Review of 2022: second consecutive year of sales and profit growth
In the following year, 2022, it seemed as if the global economy’s recovery would be strong as the spread of COVID was coming under control. However, accelerated inflation due to soaring energy prices caused by Russia’s invasion of Ukraine, and the tightening of monetary policies around the world, th
Slide 5: 2023 outlook and acceleration of business portfolio transformation
And this year, 2023, although the global economic outlook remains uncertain, with the spread of COVID finally starting to settle down after being swayed for the last three years, we believe the market will approach a new normal in the post-COVID era. Under this new business environment, in order to
Slide 6: Strengthening and expanding industry-oriented business groups
First, strengthening and expanding industry-oriented business groups. As for the individual strategies of each business group, I will have the head of each group talk to this. Each Group, however, will work to enhance their product lineup by actively promoting technical exchanges within their own Gr
Slide 7: Creating new products and services based on own technology
Second, creating new products and new services based on our own technology. In recent years, we have been acquiring new businesses, such as medical and network cameras, through M&A. However, as a manufacturer, creating new businesses through the development of proprietary technologies must be mainst
Slide 8: Restructuring our global production system
Third, restructuring our global production system. Japan is the center of product development and production engineering for Canon, therefore producing in Japan is by nature the most desirable situation. However, against the backdrop of yen appreciation, we have been expanding our production bases a
Slide 9: Financial strategy: healthy financial foundation and cash-flow management
We have a basic policy of maintaining a healthy financial foundation through comprehensive cash-flow management. Accordingly, we believe it is important to be prepared for unforeseen circumstances, maintain a certain degree of freedom, and also exercise a dynamic financial strategy. This is why, our
Slide 10: Summary: mid-point of Phase VI and 2025 targets
This year is an important year as it marks the mid-point of Phase VI of the Global Excellent Corporation Plan. The strategic transformation of our business portfolio allowed each of our businesses to compensate for the ups and downs of the pandemic, historic inflation, and more, and also allowed us